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Vann’s loses credit line; bankruptcy filing possible

July 26, 2012 /

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Just a month after bringing in an outside chief executive officer to help restructure its operations, Vann’s Inc. http://www.vanns.com announced Thursday it has lost its credit line from a major lender.

The Missoula-based appliance and electronics retailer’s CEO, Jerry McConnell, said the company is now searching hard to find a lender to replace the credit line to help it avoid filing for bankruptcy.

In the meantime, operations will continue as usual and no employees will be affected, McConnell said.

By JENNA CEDERBERG of the Missoulian

Full Story: http://missoulian.com/news/local/vann-s-loses-credit-line-bankruptcy-filing-possible/article_9142ef36-d764-11e1-8735-001a4bcf887a.html

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